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COVID-19: The Real Estate Impact

COVID-19 has brought a lot of changes in the real estate market. In the previous report, we talked about the impact of coronavirus on the economy with a special emphasis on Montenegro. The main conclusion was that the progress will deteriorate in 2020, but the strong rebound is expected for 2021. In our new publication, read more about which trends we can expect to see on the real estate market, which properties are the largest winners and losers of the…

COVID-19: The Economic Impact With Focus On Montenegro

Even though the virus was known in the west before its spread, it has taken countries by surprise and unprepared with an alarming growth rate at a relatively short period, leaving governments to fight this contagious disease by all means. Majority of countries and their respective governments fight this disease by implementing or advocating similar measures among which the most common are social distancing, stay-at-home initiatives, protective gears and country lockdowns.  Montenegro is one of the countries with a more…

Bosnia & Herzegovina Macroeconomic Overview 2019 Q3

Economic activity in Bosnia and Herzegovina is forecast by the European Commission to gain some momentum, with output growth accelerating stably between 3% and 4% in the following years. The main drivers of growth are inventory build-up and increased private consumption due to rising employment and low inflation. Although declining, unemployment, especially among the youth, remains high, despite some visible improvements. BH’s economy is developing at a rate that is below its potential and reform measures are necessary to significantly…

Montenegro Foreign Direct Investment (FDI) Overview 2019 Q2

Since 2006, Montenegro has been increasingly attractive to foreign investors. The combination of its natural potential and the continuous improvements in the business climate are attracting the highest share of foreign investors. That is why FDI per capita in Montenegro is also one of the highest in Europe. If you want to get more specific data, download our free Montenegro Q2 2019 Montenegro FDI Overview by filling the form bellow. In case you require the full version of our market…

How to Buy Distressed Property in Montenegro

OVERVIEW In public executor proceedings, there are three parties: (i) debtor (owner), (ii) creditor (claimant) and (iii) buyer. Buyer does not pay any costs in public executor proceedings other than transfer tax, which is 3% of purchase price. The costs of the public executor are paid by the creditor and then reimbursed by the debtor (see a calculation example below). There are two types of court forcible sales proceedings (done by Public executor) of mortgaged real estates: public sales and…

Montenegro Tourism and Seasonality Overview 2019 Q2

Tourism ‘defended’ the title of the most successful activity in Montenegro. In 2018, a record tourism revenue of one billion Euro was reached and there were more than two million visitors in a country with just 0.6 million residents. In case you are interested in tourism trends and figures (tourist arrivals, average length of stay, occupancy rates and other), download our free Montenegro Q2 2019 Tourism and Seasonality Overview by filling the form bellow. In case you require the full version…

The New Montenegrin Spatial Planning and Construction Act

In 2017, the Parliament of Montenegro adopted a new Law on Spatial Planning and Construction of Facilities (the “Law”), introducing major innovations in the field of spatial planning and construction. The Law entered into force on October 8, 2017. Among other things, the Law was designed to implement EU standards and harmonize Montenegrin laws with EU law through increased transparency and accountability of spatial planning and development processes. Additionally, the Law employs a number of environmental, societal, and spatial planning…

Investment Conference Budapest, Hungary

Montenegrin real estate investment opportunities on Portfolio – RICS Valuation and Investment Conference by Adriatic Appraisal and OTP Factoring Article from porftolio.hu Montenegrónak nagy tervei vannak a jövőre nézve, különleges adottságaira építve az új Monaco, vagyis egy luxus nyaralóhely kíván lenni. Ehhez pedig tárt karokkal várja a befektetőket, akik számára számos lehetőséget kínál az ország – hangzott el tegnap a Portfolio és az RICS közös szervezésében megrendezett Valuation and Investment 2018 konferencián. Binder Csaba, az OTP Factoring Montenegro vezérigazgatója és Ragab Ádám,…

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